25/10/2021. An Introduction to LiteCoin and Daily News from the HYIP Industry

Hello and welcome to the next edition of the MNO blog – delivering you quality content related to the HYIP industry since 2007. If you like the articles posted on MNO then why not join hundreds of subscribers who already enjoy my full-length posts regularly delivered to their mailboxes? If you wish to join them and take advantage of shared wisdom please click here to submit and confirm your email address on the page. However, if you prefer instant notifications when it comes to new programs added to the MNO monitor and quick status change notifications then please follow me on Telegram, Twitter or Facebook. And of of course, I am always happy to hear from my readers who can write to me directly at abramsonp@gmail.com, submit this online form or via the Telegram chat @mnoblog

Regular readers should know that I do post on the topic of cryptocurrencies, though occasionally. This subject cannot simply be denied now, as it’s probably the hottest topic among investors. If you’re still new to the whole concept of cryptocurrencies and would like to know the basics then you should check the previous articles on the subject posted here.

As for today’s main article before posting the regular news update on what’s been going on over the past week I would like to concentrate on LiteCoin. As you might earn some extra bonuses by doing promotional tasks for CoinConnect now I think it’s the right time to get acquainted with one of the oldest (it celebrated 10 years online earlier this month) and most popular (ranked #17 by capitalization on Coinmarketcap) cryptocurrencies on the market called LiteCoin.

It may seem like a fairly obvious place to start but the first question we need to ask is what exactly is LiteCoin? Well, I suppose if you’ve gotten this far into the HYIP industry and read sites like MNO regularly then you already know the fundamental basics here, which is of course that LiteCoin is a cryptocurrency. What I really want to address in this article however is what makes LiteCoin different from it’s more popular cousin BitCoin rather than what makes it better or worse. At the end of the day the advantages and disadvantages will be different for everyone anyway depending on what your needs are. By the way, the practicalities of using LiteCoin and LiteCoin wallets is something I will discuss in a future article, for now let’s just start with the basic essentials.

So first of all I guess we should start with a little background. LiteCoin is a peer-to-peer virtual currency, which means it is not governed by a central authority. LiteCoin’s network offers almost instant, extreme low cost payments that can be conducted by individuals or institutions across the globe

Although LiteCoin hasn’t been around as long as BitCoin – an impossibility by definition since that’s what LiteCoin is modeled on – it’s still one of the oldest names in the cryptocurrency sphere. It dates back to 2011 in fact, so celebrates the tenth anniversary this year. A little research on (ironically) Google will tell you that LiteCoin was first created by a former Google engineer, so I suppose we can concur that it’s got some degree of pedigree in this industry. The concept behind it and I’m guessing hence the “Lite” tag is to make it a simpler and faster cryptocurrency than BitCoin, more user friendly when it comes to basic day-to-day use for small transactions. If you think of it in the same way that some people have the idea of using their credit cards for big transactions but still use cash for “small change” transactions like buying a newspaper or a local bus ticket. Well, that was the idea anyway, what you actually do with your LiteCoin funds is entirely up to you.

Essentially then LiteCoin is mainly used, or at least intended, for small payments that require faster confirmation time. For example, it makes more sense to use LiteCoin to buy a cup of coffee than to use BitCoin just as it makes more sense to use a couple of spare coins you might have in your pocket than to use your credit card. LiteCoin can of course be used as an avenue for paying people anywhere in the world without an intermediary having to process the transaction regardless of the amount. But rather than focusing on its functionality, many investors are interested in LiteCoin as a potential long-term holding. Similar to investments in any type of currency, investors are speculating that LiteCoin will build relative wealth over time in much the same way as BitCoin has come to be viewed.

Technically speaking LiteCoin was made by taking the same software used by BitCoin and altering it to make it easier to mine and for transactions to be made faster. Other than a few other cosmetic differences LiteCoin works for the most part in a similar manner to Bitcoin. Like other decentralized cryptocurrencies, LiteCoin is not issued by a government, which historically has been the only entity that society trusts to issue money. Instead of being regulated by a central bank, LiteCoins are created by an elaborate procedure known as mining, much the same as BitCoin but somewhat more streamlined. As with BitCoin, the supply of LiteCoins is fixed. There will never be more than 84 million LiteCoins in circulation. Every 2.5 minutes the LiteCoin network generates a new block, considerably faster than BitCoin which is four times longer at ten minutes. Without getting into overly technical language then the main impact of this is a significantly faster transaction time than BitCoin. To keep the so called halving time in line with Bitcoin, LiteCoin’s mining reward is halved every 840,000 added blocks, four times more blocks than BitCoin which is halved every 210,000. Incidentally, LiteCoin’s creators estimate that it may be as long as another 120 years until the full quota of 84 million LTC is in circulation.

LiteCoin has some inherent advantages when compared to bitcoin. It was founded with the goal of prioritizing transaction speed, and this is a major reason for its popularity. The BitCoin network’s average transaction confirmation time is currently just under nine minutes per transaction, though if you’re a regular player in the HYIP industry we all know this is far from consistent. On the other hand LiteCoin’s is roughly 2.5 minutes, again not exactly an iron clad guarantee but generally speaking is typically a lot faster. In turn this results in LiteCoin’s network being able to handle more transactions because of its shorter block generation time. Bitcoin has a significantly greater market capitalization than LiteCoin. At the time of writing the total value of all bitcoins in circulation is around $1.2 trillion, while the market capitalization of LiteCoin is a fraction of that at around $13 billion. Bitcoin’s market capitalization still dwarfs all other digital currencies. Both BitCoin and LiteCoin have fixed supplies. However, bitcoin’s supply is limited to only 21 million coins, while as I already mentioned above LiteCoin’s total fixed supply is 84 million.

Once any cryptocurrency reaches a certain level popularity among users who are confident that the product is indeed what it represents and probably won’t lose its value, it can sustain itself as a method of payment. LiteCoin isn’t anywhere near as universally accepted in the mainstream business world as it is in the HYIP industry. But as cryptocurrencies become more readily accepted and their values stabilize, some of them, LiteCoin undoubtedly being one, will emerge as the standard currencies of the digital realm. For now it may be a faster if somewhat less secure way to send smaller payments than its main rivals. But since its inception it gained significant popularity, and while it may never have been a serious challenger to BitCoin and Ethereum it’s consistently been of of the first names that comes to mind when we think of cryptocurrencies. Certainly it’s almost always in the top five anyway, perhaps ranking a bit lower in the wider field of cryptocurrencies but for the purposes of this article I’m only considering its use among HYIP players like you guys.

Obviously there’s a lot more to be said about LiteCoin, but as the title of this article suggests, this is only intended to be a brief introduction. There’s no need to complicate things if people don’t understand the basics first, so I do hope if you’re new to the field of crypto and to LiteCoin in particular you found this helpful. Some of the other ground to cover on this subject, such as the ins and outs of LiteCoin wallets and storage, mining the currency, and so on, are all interesting aspects I’m looking forward to doing in future articles. So I hope you’ll stay tuned for more! By the way, since this is something I know a lot of readers think about, or at least have thought about in the past, I hope you won’t mind expressing your own opinions in the following poll which I’ll be including in the final part of today’s blog post after the news below.

DAILY NEWS FROM THE HYIP INDUSTRY

COINCONNECT – LATEST UPDATES FROM THE INDUSTRY LEADER

CoinConnect remains the talk of the town in the otherwise pretty much inactive HYIP industry nowadays. The admin’s persona and ability to run programs for months allowing investors to withdraw their principals at any time while allowing a chance to double your money every four weeks has made CoinConnect the most rapidly growing program in less than two weeks since it first came online. There is still plenty of room for further growth as more and more investors get introduced to the program and its lucrative investment offer.

If you haven’t yet read the full review of CoinConnect posted here, then let me remind you of its main features. With the program you may earn 3.6% hourly on an indefinite basis, i.e. for as long as the program stays online. And considering the previous track record for the admin it may reach a few months, so you can do the math and see just how much potential profit you might achieve with careful planning of your own investment strategy. In fact, you’re pretty much in control in many aspects of your finances when investing with CoinConnect.

Only after the first 24 hours since making your initial investment a release button will appear across your deposit and you are then entitled to withdraw your principal (fully or partially) for a 5% fee. The funds are then released to your available balance and can be withdrawn at any time. What’s more? All the withdrawals of up to $100 are processed instantly, while larger withdrawals are subject to manual approval and are paid within 24 hours. All members are therefore able to set up their own investment goal, withdraw money on a regular basis and leave the program at anytime. That makes a huge difference when we compare CoinConnect with its rivals and is certainly a huge drawing point for many savvy investors. That flexibility is and will remain the driving force that will ensure the program’s stability and sustainability in the long term.

As CoinConnect works exclusively with cryptocurrencies you may invest via any of the eleven popular options available – BitCoin, LiteCoin, Ethereum, BitcoinCash, DogeCoin, Dash, Tether, Ripple, ZCash, Tron, and Stellar. There is a separate dashboard for every currency and there is no USD to BTC conversion, so your overall profit actually counts in cryptocurrencies which gives a further boost in value while it grows. And of course, since CoinConnect allegedly makes money trading cryptocurrencies at least half of the main updates posted on the program’s official Telegram channel (with over 550 subscribers at the time of writing this article) dedicated to updates from the cryptoworld while the other half reminds about the program’s own main features. All the latest updates from CoinConnect posted over the last seven days can be found below for your convenience:

“No investing needed to start
You don’t need an active deposit to earn 7% commission, and there are no affiliate fees applied – all you have to do is share our project with others and you will be rewarded.
Register now at https://coinconnect.biz”.

“STABLE INCOME
With CoinConnect‘s unique investment offer everyone can participate and earn a relatively high and safe return on their investments with a website that is designed to perfectly work with all the nowadays devices – tablets, mobile phones and computers.
Learn more at https://coinconnect.biz”.

“Earn using Multiple Crypto
CoinConnect offer a managed cryptocurrency-trading.
Just deposit your desired coins and enjoy the lucrative returns!
CoinConnect accepts Bitcoin, BitcoinCash, Ethereum, Litecoin, Dash, Dogecoin, Tether, Ripple, Zcash, Tron and Stellar.
Learn more at https://coinconnect.biz”.

“Bitcoin at $62,000!
While great many people are still skeptic about the capabilities of Bitcoin, it is no doubt that the very first cryptocurrency is performing well despite having constraints.
Can you imagine a modern world without Bitcoin?
CoinConnect is your gateway to a Bitcoin filled portfolio in the future.
Learn more at https://coinconnect.biz”.

“PARTNERSHIP OFFER WITH GREAT BENEFITS!
CoinConnect have designed a lucrative affiliate program for any of the members to join. The main principles are simple. CoinConnect affiliate program allows you to earn referrals commission in 3 levels: 7%-3%-1%.
Fast Approval
After a person registers using your affiliate link, they will automatically become your referral.
Promotional Banners
You will be able to find promotional banners in your members’ area, in the “referrals” section.
Learn more at https://coinconnect.biz/affiliate”.

“Litecoin and Bitcoin
A few year back, Bitcoin was priced at $200, now it is almost $65,000.
Litecoin now is just $200. Will it follow Bitcoin’s footsteps?
Earn more LTC and ETH at https://coinconnect.biz”.

“THE SECOND BIGGEST CRYPTO: ETHEREUM!
Ethereum is a decentralized, open-source blockchain with smart contract functionality. In terms of market capitalization, Ether is second only to Bitcoin.
Ethereum was conceived in 2013 by programmer Vitalik Buterin.
Earn more Ethereum at https://coinconnect.biz”.

MNO TALKBACK – RESULTS DRAWN AND NEW QUESTION POSTED

It’s time to finish today’s update with the usual results of the last MNO TalkBack poll and then asking you to answer a new question, this time related to the article posted above.

Last time out I asked readers to share their opinion on an increasingly popular feature in some HYIPs where investors can not only see the latest withdrawals from a particular program, but also be able to verify them by checking on a particular blockchain explorer. The feature has been adopted by CoinConnect and all members can easily see the payout stats in real time by clicking on the Paidout Proofs tab. The TalkBack question I asked went like this – How important is it for you to see and verify the latest withdrawals in a HYIP?

There were some quite divisive opinions shared by MNO readers with a majority of 45% choosing a cautious approach by voting: “It influences my decision to invest but alongside other factors”. That’s perhaps the wisest choice and the one I would have voted for myself. While a certain level of transparency is often hailed and welcomed by current and potential investors there are many other factors that should be considered before making an investment decision. Only this way one can succeed when investing in HYIPs on a consistent basis.

The second most popular option voted for by 33% of the readers was “No, it doesn’t matter much to me as stats can easily be faked”. That option about the investment stats was probably more suited at the time when PerfectMoney or even LibertyReserve used to dominate the industry as the go-to payment option. At this time, when a transaction can be independently verified in a blockchain the fake stats make less sense. Of course, we should remember that sometimes both wallets (the sender and receiver) can be owned by the admin himself, but doing it literally every minute would be a huge burden, although some higher payouts can still be taken with a pinch of salt, and rightfully so!

And finally, the least popular option gained only 22% of my readers’ support was “Yes, a great deal as it provides honesty and transparency”. I’m actually surprised why it was not more popular, as such stats can give much info about the general state of things in the program and the activities of its members. However, I guess with all the smoke and mirrors many admins are famous for the approach from experienced HYIP investors once burnt by losses and cautious enough not to give too much trust to any particular program does make some sense.

The new question for the MNO TalkBack is linked to today’s blog post on LiteCoin and its main features. Taking into account all the cryptocurrency market being on the rise now more and more people looking to diversify their stock of various currencies. And LiteCoin might be that obvious choice that looks like a lucrative investment opportunity that may deliver high profits in the long term.

Following the widespread cryptocurrency adoption among HYIP admins and investors alike LiteCoin has been a common choice when it comes to its availability for investing in various programs. At a rough estimate over three quarters of all HYIPs running at the moment accept LiteCoin from their investors. However, whether LiteCoin can surpass BitCoin or even Ethereum in terms of popularity among those investing in HYIPs still remains a big question. That’s actually what I wanted to ask my readers in the next TalkBack poll that is already open for your votes here. So, the question will go as follows:

Do you use LiteCoin for investing in HYIPs?

And the possible answers include:

– Yes, I use it regularly or occasionally
– I have a LiteCoin wallet but I don’t use it
– No, I don’t have a LiteCoin wallet

Your answers will be a big help to any HYIP admin in deciding whether it’s worth it to offer LiteCoin as a payment option and will hopefully lead to more programs accepting this currency. Your opinion matters a lot, so please take a moment to submit your votes on the MNO TalkBack page here. Thanks in advance for your participation. The final results of the poll and their analysis will be posted on the MNO blog sometime next week.

GET PAID REPORT FOR 25/10/2021

Here is the list of the programs from my monitor that paid me for the last 168 hours:
From MNO Sticky list: –
From MNO Premium list: CoinConnect.
From MNO Standard list: RoboticsOnline.
From MNO Basic list: –

That’s all I have to report today, guys. I wish all my readers a happy and spooky Halloween and a successful and profitable week ahead. I’ll talk to you all again very soon. Thanks for reading MNO – For Money Lovers!